Macy’s reopened stores doing better than expected; looks to holiday

Macy’s sounded a confident note in its preliminary sales and earnings results for the first quarter as COVID-19 restrictions loosen and customers start to return to its stores.

As of June 1, the department store giant had reopened approximately 450 locations, with the majority reopened in their full format. The stores are performing better than anticipated, according to Macy’s chairman and CEO Jeff Gennette, who also said the retailer receiving positive feedback on its curbside pickup service and its efforts to create a safe shopping environment....
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RSK: Some good news or is it just that people have been bored being shut down at home with Covid fears and just wanted to get out?